3558641
You'll need to sign in or create an account to connect with an expert.
No, not unless your house is a rental property. Repairs and improvements to your personal residence are not tax deductible.
👍
You can add the cost of additions and improvements that add to the value of your home, prolong its useful life, or adapt it to new uses to the basis of your property.
Per IRS: New Roof is an example of Improvements that increase basis.
2024 Publication 523 pages 9-10
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
HSAEnthusiast
New Member
HSTX
New Member
mamamahon1
New Member
garys_lucyl
Level 2
aegisaccounting
New Member